June 17, 2020 / 9:52 PM / 19 days ago

Argentina will not renew NDAs with creditors over debt restructuring -govt source

SANTIAGO, June 17 (Reuters) - Argentina will not extend confidentiality agreements with creditors due to expire on Wednesday, a government official told Reuters, suggesting last ditch talks have wrapped up as the government races to strike a deal to restructure around $65 billion in debt.

The nondisclosure agreements (NDAs) have been previously extended to allow negotiations to continue and a gap between the two sides to be closed.

Argentina’s government is expected to unveil an amended debt restructuring proposal to win over its foreign creditors ahead of a deadline to reach an agreement that is currently penciled in for June 19. (Reporting by Eliana Raszewski, writing by Dave Sherwood, editing by Chris Reese)

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